A Sarnia-area gas plant “exploited” a defect in the province’s electricity system to gain undeserved profits at the expense of hydro customers, the Ontario Energy Board (OEB) panel has ruled.
The OEB panel concluded that Greenfield Energy Centre (GEC) was overpaid $432,000 through the Congestion Management Settlement Credit (CMSC) program after inflating the cost of plant shut downs over an eight-month period ending in August 2011.
“The panel has therefore found that GEC engaged in gaming,” says the report, posted on the OEB website Thursday.
The oversight body went on to warn — as it has repeatedly — that the CMSC program is ripe for abuse by the province’s electricity generators.
A spokesperson for Greenfield could not be reached for comment.
The panel’s report noted the company denied the allegations but agreed to repay the money.